Polychlorotrifluoroethylene (PCTFE) is a homopolymer of chlorotrifluoroethylene with chemical formula (C2ClF3)n, where ‘n’ is the number of monomer units. PCTFE is a thermoplastic polymer of chlorofluoropolymer and offers excellent properties like high tensile strength, creep resistance, high compressive strength, superior thermal characteristics, no flammability, better moisture protection, high chemical resistance, and low coefficient of thermal expansion.
Recent developments in aerospace and pharmaceutical industries provide lucrative opportunities to the key players and new entrants. Increasing demand of polychlorotrifluoroethylene in the aerospace sector due to its lightweight, good retention of mechanical properties under a wide temperature range and chemical resistance has propelled its consumption in the production of valves, impellers, diaphragm, and plugs which is likely to drive the PCTFE market. Moreover, due to its moisture resistant characteristics, polychlorotrifluoroethylene is used for the production of moisture barrier films which are used to manufacture blister packaging in pharmaceutical companies.
Major Key Players
The key players in the global polychlorotrifluoroethylene market are Daikin Industries Ltd. (Japan), Arkema Group (France), Honeywell International Inc. (US), HaloPolymer (Russia), Saint-Gobain (France), Allied Chemical Corporation (US), Qingdao Hongfeng Si-F Science Ltd (China), Welch Fluorocarbon Inc (US), and GAPI Group (Italy).
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Polychlorotrifluoroethylene has extensive applications in various refrigeration applications due to its cryogenic properties which makes the product ideal in handling liquid oxygen and liquid nitrogen. Leading market players such as DAIKIN INDUSTRIES Ltd. produce PCTFE at a relatively reasonable cost which can be a threat to new market players. However, low-cost substitutes of polychlorotrifluoroethylene like polytetrafluoroethylene (PTFE), chlorotrifluoroethylene (CTFE), and ethylene tetrafluoroethylene (ETFE) is likely to hinder the market growth. Moreover, high cost of raw materials and low production volume may also restrain the market for polychlorotrifluoroethylene in the forecast period. Furthermore, polychlorotrifluoroethylene exhibits a relatively low thermal and chemical resistance as compared to its low-cost substitutes like PTFE (Polytetrafluoroethylene) which may limit its consumption in various industries to a considerable degree.
The global polychlorotrifluoroethylene market has been segmented based on form, application, end-use industry, and region.
On the basis of form, the global poly-chlorotrifluoroethylene market has been classified as powder, pellet, and granule.
By application, the global polychlorotrifluoroethylene market has been segmented into films and sheets, tubes, wires and cables, coating, seals and gaskets, medical equipment, cryogenics, and others.
Based on end-use industry, the global polychlorotrifluoroethylene market has been categorized into pharmaceuticals, electrical and electronics, aerospace, oil and gas, and others.
The global polychlorotrifluoroethylene market has been studied across five regions, namely, Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The global polychlorotrifluoroethylene market has been segmented into five key regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific is projected to dominate the polychlorotrifluoroethylene market owing to the increasing demand from pharmaceutical, aerospace, and electrical & electronics industries. Additionally, significant investments by the market players for R&D sectors can also aid the product development and influence the growth of PCTFE market. In 2017, China was the leading manufacturer of pharmaceutical ingredients and the second-largest producer of pharmaceutical products in the world. India, Japan, Australia, and New Zealand are the other markets contributing to the growth of polychlorotrifluoroethylene market.
The aerospace industry in North America is likely to witness a significant growth in PCTFE market owing to the establishment and rapid growth of major aerospace manufacturers like Lockheed Martin, Boeing, and Airbus. The main contributors to the regional market growth in North America are the US and Canada.
Europe is estimated to have a substantial growth in global polychlorotrifluoroethylene market due to the growth in the semiconductor industry which supports the electrical and electronics segment in this region which is expected to fuel the overall PCTFE market. Germany, the UK, France, Italy, and Spain are the prominent countries contributing to the regional market growth.
Latin America is expected to witness a relatively moderate growth because of recent advancements in the chemical and aerospace industries. Mexico and Brazil are the leading countries contributing to the overall polychlorotrifluoroethylene demand. The Middle East & Africa with countries like Saudi Arabia, South Africa, and Egypt is expected to register a relatively low growth rate due to low demand of PCTFE from the application-based industries. However, developments in the chemical industry are likely to drive the market growth.
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
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